We recently published 10 stocks that are already impacting 2026 with massive gains. Baidu, Inc. (NASDAQ:BIDU) was one of the top performers last week.
Baidu’s share prices rose 20.4 percent weekly to hit a new 52-week high, as investors took heart from its semiconductor subsidiary’s plan to list publicly on the Hong Kong Stock Exchange.
In a regulatory filing, Baidu, Inc. (NASDAQ:BIDU) said it was seeking to spin off Kunlunxin (Beijing) Technology Co., Ltd. in line with its plan to separately list the latter’s series H shares on HKEx.
Stock market data. Photo by RDNE Stock Project on Pexels
An official filing has already been made, but the proposed spin-off has not yet been finalized, pending HKEx approval, completion of the filing with the China Securities Regulatory Commission, and final decisions between the two companies.
However, it noted that Kunlunxin would remain a subsidiary of Baidu, Inc. (NASDAQ:BIDU) after the listing.
“The proposed spin-off aims to independently showcase the value of Kunlunxin, attract investors focused on the AI ​​chip sector, and leverage its independent listing to enhance its market profile, expand financing channels, and better align management responsibility with performance. This also supports the effort to unlock the value of Baidu’s AI-driven businesses,” said Baidu, Inc. (NASDAQ:BIDU).
Founded in 2012, Kunlunxin supports Baidu, Inc. (NASDAQ:BIDU)’s ambition to become a full-fledged AI company.
Last year, Kunlunxin received orders worth 1 billion yuan from technology companies that supply China Mobile, one of the country’s largest mobile operators.
While we recognize the potential of BIDU as an investment, our conviction lies in the belief that some AI stocks have more promise to generate higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.